Banking Ombudsman

1. In 1961 The Rajasthan State Government and 14 Industrial co-operative societies established the First Industrial Bank in the Co-operative sector in the State in the Name of Rajasthan State Industrial Cooperative Bank Ltd with Share Capital of Rs. 5 Lacs.
2. In 1964 Bank First Branch was opened at Mirza Ismail Road and later on another at Chandpole Bazar, Jaipur
3. In 1971 Rajasthan State Government enhanced its share capital from Rs 5.00 lac to Rs. 10.00 lac.
4. In 1999 Bank was rechristened as The Rajasthan Urban Co-operative Bank Ltd.
5. In 2000 (peak time) the bank had a customer base of 9000, Deposits of Rs. 12.00 Crore and Loans of Rs. 8.00 Crore.
6. On 30th August 2005 RBI put the Bank under directions and Banking operations were suspended due to poor financials and management Share members on that day were 4603.
7. On 27.11.2008 the Voting eligibility raised to Rs. 15000/- for Share members (Min 150 Shares).
8. On 15th Jan 2009, New share Members added (30) with share Capital raised from Rs. 50.49 lacs to Rs. 54.99 lacs and share members to 4633.
9. Fresh Board elections held within the shareholders of the Bank and New Board of Directors was constituted on 09.06.2009
10. New Board of Directors injected Rs. 1.45 Crore in the Share Capital with 26 new members in 31st July 2009 with Total Share Capital of Rs. 2.00 Crore.
11. On 12.10.2009 the RBI lifted its suspension and permitted the new management to resume all Banking Activities.
12. DICGC membership available.
13. Bank has its own Clearing House Ticket.
14. Lockers facility is available at both the branches.
15. In March 2010 Bank earned profit of Rs. 10.51 lacs
16. Bank Computerised with Core Banking Solution (CBS) First in Co-operative Sector Bank in Rajasthan in April 2010.
17. On 17-06-2010 M I Road Branch shifted to C-Scheme Branch at prime location at Ground Floor, City Mall, Bhagwan Das Road, Jaipur
18. Bank installed ATM at C-Scheme Branch in June 2010
19. SMS alert facility made available in June-2010
20. Managing Director who was on deputation from Govt. withdrawn on 27.05.2011 and Bank became fully private. Working as per RBI and Co-operative Department guidelines
21. Share Capital of Government withdrawn in May 2011
22. As on 31st March 2012,

Total Deposits	Rs. 1372.56 lac
Total Loans & Advances	Rs. 877.90 lac
Total Reserves	Rs. 482.94 lac

23. Net Profit as on 31.03.2012 is Rs. 12.05 lac.